Register in the Registry of Private-to-Private Credit Service Providers through Platforms.

What is it?

This is the procedure through which legal entities that offer -as a main or accessory activity of their corporate purpose- the service of bringing together and putting in contact one or more credit providers with credit applicants to carry out loan transactions in pesos between individuals, in accordance with the applicable Ordinance, are registered in the pertinent registry.

Who is it for?

To legal entities required to register in the Registration of Private-to-Private Credit Service Providers through Platforms.

Modality

On-line procedure, through the web site of the Collection and Customs Control Agency (ARCA), using the service:
“BCRA – Suppliers of Credit Services between Individuals through Platforms”
(requires Fiscal Code level 3).

Value of the procedure

Free procedure.

What is needed?

According to the Ordered Text on Private-to-Private Credit Service Providers through Platforms, the following must be submitted:

Data of the legal entity

• – Name of the legal entity.
• – Trade name or trademark.
• – TAXPAYER IDENTIFICATION CODE (CUIT).
• – Contact information.
• – General data.
• – Legal address.
• – Registered office.

Data on human persons

• – Membership roster.
• – Composition of the governing body.
• – Composition of the auditing body.
• – Data of the legal representative.
• – Data of the person responsible for information security (for access to the computing environments of the BCRA’s Internet sites).
• – Data of the person responsible for the information system.

Documentation

• – Copy of the articles of incorporation or bylaws and its amendments.
• – Shareholding composition including direct and indirect shareholders (must contain the human persons reported as shareholders).

How is it done?

1 | Login to ARCA service

a) Access ARCA’s website with Fiscal Code level 3.
b) Access the service “BCRA – Suppliers of Credit Services between Individuals through Platforms”.
c) Apply for username and password to access BCRA’s records, if you do not already have them.
d) Activate the username and password from the link received by email.

2 | Complete the registration information

a) Access the link to the corresponding registry.
b) Upload the required data of the legal entity and human persons.

3 | Upload documentation

a) Upload the documentation in PDF format (maximum 50 MB per file, recommended resolution 150-200 dpi).

4 | Submit the procedure

a) Verify that the documentation is complete, without omissions or errors.
b) Send the process through the application.

5 | Review of the procedure

a) The documentation is reviewed for validation.
b) In case of formal faults or requirements, corrections or clarifications will be requested.
c) All notifications are sent to the email address declared by the entity in the legal domicile data.
d) The applicant may correct the process to continue the process or request cancellation in case of not complying with the requirements to be included in the registry.

6 | Certificate of registration and commencement of operations

Once compliance with the requirements has been verified, the SEFyC issues the certificate of registration and assigns a number in the Registry of Private-to-Private Credit Service Providers through Platforms.

Where is it held?

Online, through the corresponding service on ARCA’s website.